| U.S. Civilian Labor Force (thousands) | ||||
| Year | Labor Force | Year | Labor Force | |
| 2007 | 178,978 | 2012 | 180,688 | |
| 2008 | 179,715 | 2013 | 180,211 | |
| 2009 | 178,171 | 2014 | 181,298 | |
| 2010 | 178,710 | 2015 | 183,017 | |
| 2011 | 179,055 | 2016 | 184,700 | |
Click here for the Excel Data File
(a) Make a line graph of the U.S. civilian labor
force data.
| Line Graph A | Line Graph B | Line Graph C | Line Graph D |
Line Graph 1
Line Graph 2
Line Graph 3
Line Graph 4
(b) Describe the trend (if any) and discuss possible
causes.
Trend is (Click to
select) positive negative . There
seems to be an (Click to
select) increase decrease in the
rate of growth over the past few years.
(c) Fit three trend models: linear, exponential,
and quadratic. Which model would offer the most believable
forecasts? (You may select more than one answer. Click the
box with a check mark for the correct answer and double click to
empty the box for the wrong answer.)
(d) Make forecasts using the following fitted trend models
for years 2017-2019. (Round your answers to the nearest
whole number.)
| t | Linear | Quadratic | Exponential |
| 11 | |||
| 12 | |||
| 13 |
In: Statistics and Probability
| Item | Prior year | Current year |
| Accounts payable | 8,183.00 | 7,998.00 |
| Accounts receivable | 6,047.00 | 6,558.00 |
| Accruals | 967.00 | 1,357.00 |
| Cash | ??? | ??? |
| Common Stock | 10,760.00 | 11,094.00 |
| COGS | 12,629.00 | 18,144.00 |
| Current portion long-term debt | 5,006.00 | 4,946.00 |
| Depreciation expense | 2,500 | 2,811.00 |
| Interest expense | 733 | 417 |
| Inventories | 4,197.00 | 4,813.00 |
| Long-term debt | 13,675.00 | 13,302.00 |
| Net fixed assets | 51,628.00 | 54,611.00 |
| Notes payable | 4,366.00 | 9,933.00 |
| Operating expenses (excl. depr.) | 13,977 | 18,172 |
| Retained earnings | 28,546.00 | 29,809.00 |
| Sales | 35,119 | 45,546.00 |
| Taxes | 2,084 | 2,775 |
What is the firm's cash flow from operations?
In: Accounting
15-3.6 Balance Sheet Presentation of Available-for-Sale Investments
During Year 1, its first year of operations, Galileo Company purchased two available-for-sale investments as follows:
|
Security |
Shares Purchased |
Cost |
||
|
Hawking Inc. |
910 |
$48,776 |
||
|
Pavlov Co. |
2,470 |
68,913 |
||
Assume that as of December 31, Year 1, the Hawking Inc. stock had a market value of $64 per share and the Pavlov Co. stock had a market value of $50 per share. Galileo Company had net income of $377,800 and paid no dividends for the year ending December 31, Year 1. All of the available-for-sale investments are classified as current assets.
a. Prepare the Current Assets section of the balance sheet presentation for the available-for-sale investments.
|
Galileo Company |
||
|
Balance Sheet (selected items) |
||
|
December 31, Year 1 |
||
|
Assets |
||
|
Current Assets: |
||
|
Available-for-Sale Investments, at Cost |
$ |
|
|
Plus Unrealized Gain (Loss) on Available-for-Sale Investments |
$ |
|
b. Prepare the Stockholders' Equity section of the balance sheet to reflect the earnings and unrealized gain (loss) for the available-for-sale investments.
|
Galileo Company |
|
|
Balance Sheet (selected Stockholders' Equity items) |
|
|
December 31, Year 1 |
|
|
Stockholders' Equity |
|
|
Retained Earnings |
$ |
|
Unrealized Gain (Loss) on Available-for-Sale Investments |
|
In: Accounting
In: Finance
Currently, the term structure is as follows: One-year bonds
yield 9.50%, two-year zero-coupon bonds yield 10.50%, three-year
and longer maturity zero-coupon bonds all yield 11.50%. You are
choosing between one, two, and three-year maturity bonds all paying
annual coupons of 10.50%. You strongly believe that at
year-end the yield curve will be flat at 11.50%.
a. Calculate the one year total rate of return for
the three bonds. (Do not round intermediate calculations.
Round your answers to 2 decimal places.)
b. Which bond you would buy?
One-year bond
Two-year bond
Three-year bond
In: Finance
Currently, the term structure is as follows: One-year bonds
yield 9.50%, two-year zero-coupon bonds yield 10.50%, three-year
and longer maturity zero-coupon bonds all yield 11.50%. You are
choosing between one, two, and three-year maturity bonds all paying
annual coupons of 10.50%. You strongly believe that at
year-end the yield curve will be flat at 11.50%.
a. Calculate the one year total rate of return for
the three bonds. (Do not round intermediate calculations.
Round your answers to 2 decimal places.)
b. Which bond you would buy?
One-year bond
Two-year bond
Three-year bond
In: Finance
| Item | Prior year | Current year |
| Accounts payable | 8,186.00 | 7,739.00 |
| Accounts receivable | 6,057.00 | 6,669.00 |
| Accruals | 988.00 | 1,511.00 |
| Cash | ??? | ??? |
| Common Stock | 11,546.00 | 12,982.00 |
| COGS | 12,636.00 | 18,245.00 |
| Current portion long-term debt | 5,018.00 | 4,932.00 |
| Depreciation expense | 2,500 | 2,818.00 |
| Interest expense | 733 | 417 |
| Inventories | 4,137.00 | 4,814.00 |
| Long-term debt | 14,160.00 | 13,242.00 |
| Net fixed assets | 50,182.00 | 54,535.00 |
| Notes payable | 4,313.00 | 9,802.00 |
| Operating expenses (excl. depr.) | 13,977 | 18,172 |
| Retained earnings | 28,932.00 | 30,098.00 |
| Sales | 35,119 | 46,352.00 |
| Taxes | 2,084 | 2,775 |
What is the firm's net income in the current year?
Answer format: Number: Round to: 0 decimal places.
In: Finance
| Item | Prior year | Current year |
| Accounts payable | 8,186.00 | 7,739.00 |
| Accounts receivable | 6,057.00 | 6,669.00 |
| Accruals | 988.00 | 1,511.00 |
| Cash | ??? | ??? |
| Common Stock | 11,546.00 | 12,982.00 |
| COGS | 12,636.00 | 18,245.00 |
| Current portion long-term debt | 5,018.00 | 4,932.00 |
| Depreciation expense | 2,500 | 2,818.00 |
| Interest expense | 733 | 417 |
| Inventories | 4,137.00 | 4,814.00 |
| Long-term debt | 14,160.00 | 13,242.00 |
| Net fixed assets | 50,182.00 | 54,535.00 |
| Notes payable | 4,313.00 | 9,802.00 |
| Operating expenses (excl. depr.) | 13,977 | 18,172 |
| Retained earnings | 28,932.00 | 30,098.00 |
| Sales | 35,119 | 46,352.00 |
| Taxes | 2,084 | 2,775 |
What is the firm's cash flow from investing?
Answer format: Number: Round to: 0 decimal places.
#6
| Item | Prior year | Current year |
| Accounts payable | 8,186.00 | 7,739.00 |
| Accounts receivable | 6,057.00 | 6,669.00 |
| Accruals | 988.00 | 1,511.00 |
| Cash | ??? | ??? |
| Common Stock | 11,546.00 | 12,982.00 |
| COGS | 12,636.00 | 18,245.00 |
| Current portion long-term debt | 5,018.00 | 4,932.00 |
| Depreciation expense | 2,500 | 2,818.00 |
| Interest expense | 733 | 417 |
| Inventories | 4,137.00 | 4,814.00 |
| Long-term debt | 14,160.00 | 13,242.00 |
| Net fixed assets | 50,182.00 | 54,535.00 |
| Notes payable | 4,313.00 | 9,802.00 |
| Operating expenses (excl. depr.) | 13,977 | 18,172 |
| Retained earnings | 28,932.00 | 30,098.00 |
| Sales | 35,119 | 46,352.00 |
| Taxes | 2,084 | 2,775 |
What is the firm's total change in cash from the prior year to the current year?
Answer format: Number: Round to: 0 decimal places.
In: Finance
This year, Sooner Company reports current E&P of negative $300,000. Its accumulated E&P at the beginning of the year was $200,000. Sooner distributed $400,000 to its sole shareholder, Boomer Wells, on June 30 of this year. Boomer’s tax basis in his Sooner stock is $75,000. (Leave no answer blank. Enter zero if applicable. Negative amounts should be indicated by a minus sign.)
a. How much of the $400,000 distribution is treated as a dividend to Boomer?
Dividend?
b. What is Boomer’s tax basis in his Sooner stock after the distribution?
tax basis?
In: Accounting
Currently, the term structure is as follows: One-year bonds yield 8.25%, two-year zero-coupon bonds yield 9.25%, three-year and longer maturity zero-coupon bonds all yield 10.25%. You are choosing between one, two, and three-year maturity bonds all paying annual coupons of 9.25%. You strongly believe that at year-end the yield curve will be flat at 10.25%.
a. Calculate the one year total rate of return for the three bonds.
b. Which bond would you buy?
In: Finance